{"id":143493,"date":"2024-11-28T14:00:05","date_gmt":"2024-11-28T12:00:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143493"},"modified":"2024-11-28T11:49:16","modified_gmt":"2024-11-28T09:49:16","slug":"celsius-to-distribute-127-million-in-second-round-of-payouts-to-creditors","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/celsius-to-distribute-127-million-in-second-round-of-payouts-to-creditors\/","title":{"rendered":"Celsius to Distribute $127 Million in Second Round of Payouts to Creditors"},"content":{"rendered":"
The distribution<\/a> <\/strong>will be made in Bitcoin (BTC<\/a><\/strong>), Ethereum (ETH<\/a><\/strong>), or US dollars, depending on the creditors\u2019 preferences and eligibility.<\/p>\n This marks the second round of payouts following Celsius\u2019s bankruptcy, with the funds being allocated to creditors with Illiquid Recovery Rights, as specified in the company\u2019s bankruptcy plan. After accounting for administrative fees and expenses, the total payout will be approximately $127 million. A portion of the funds will be kept in reserve as required by the plan.<\/p>\n To receive their distribution in crypto, creditors need an active Coinbase account that matches the one on record with Celsius. For those who have not completed the distribution by November 9, 2024, their payments will automatically be processed in US dollars.<\/p>\n